QIC Crowned “Insurance Company of the Year in Qatar”

Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned “Insurance Company of the Year in Qatar” at The Asset Triple A Private Capital Awards 2025.

The Asset’s winners announcement report praised QIC’s consistent ability to stand out as a leading insurer across the GCC, driven by its innovation, customer-first approach, and financial strength. The report also highlighted QIC’s user-friendly digital platforms, seamless onboarding, efficient policy management, and swift claims processing, as well as its forward-thinking product strategy and ongoing efforts to build the region’s first insurance-powered digital ecosystem, offering both insurance and non-insurance services through QIC App.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are proud to be crowned with this prestigious accolade and to have our strategic vision and operational excellence recognized by The Asset. This award is a true testament to QIC’s success in delivering strong financial results, maintaining its leadership in the digital landscape both locally and regionally, and upholding the highest ESG practices. All of these accomplishments have been made possible thanks to the dedication of every QIC employee and our team’s commitment to exploring new frontiers of innovation and shaping the future of insurance across the MENA region. QIC will always remain devoted to providing the best for our customers and partners. We will continue to design and deliver innovative solutions that meet their evolving needs, ensuring that we remain the insurer of choice for everyone seeking truly customer-centric experiences, reliable financial protection and complete peace of mind.”

The Asset is a widely recognized business news and research organization, delivering independent coverage of Asia’s financial industry. Since its launch in 1999, it has provided essential news, analysis, and insights tailored to a distinct community of corporate leaders and financial decision-makers across the continent and around the world. Recognized as one of the most esteemed awards programs in the financial sector, The Asset Triple A Awards have, for more than 25 years, set the benchmark for excellence and leadership, and are also renowned for their strict and meticulous judging process in selecting winners across all categories.

During the first half of 2025, QIC delivered strong financial results, recording a net profit of QAR 383 million, a growth of 6% compared to the same period in 2024. As part of its commitment to providing customer-focused solutions, QIC launched several new products in 2025, including Qatar’s first-ever personal Cyber Insurance, and the country’s pioneering School Fees Protection insurance.

QIC App has seen continuous enhancements over the past few months, including the introduction of the Car Market feature, offering prospective car buyers better and more efficient ways to find their dream vehicles from trusted sellers. In addition, the app has introduced further non-insurance features for the convenience of users, including car-related services such as car repair and detailing, and much more. In a pioneering step to transform everyday insurance into truly rewarding experiences, QIC launched its “Coins” loyalty program, allowing customers to earn and redeem points throughout their journey with the company’s web and mobile platforms.